REI Lense

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$3,560 (target)

2607 Switchgrass Dr, Bossier City, LA 71111

3 beds • 2 baths • 1985 sqft

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This property might be a fair Mid-Term investment with a projected 5.22% first-year return on $85,977 initial cash invested.

5.22%

Cash On Cash

7.78%

Cap Rate

1.33

DSCR

$3,560

Rent

$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,560 income − $3,186 expenses = $374 cash flow

Income$3,560Mortgage P&I$1,58444%Property Taxes$2306%Insurance$1143%HOA$481%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39211%Cash Flow$374

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,977

Downpayment

20%

$64,740

Closing costs

1%

$3,237

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,560

Total Expenses

$3,186

Mortgage P&I

44%

$1,584

Property Taxes

6%

$230

Home Insurance

3%

$114

HOA

1%

$48

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$392

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